Beijing IRTOUCH Systems Co., Ltd. (SZSE:300282) agreed to acquire Guangdong Header Information Technology Co., Ltd. from 6 institutional shareholders and 14 individuals for approximately CNY 810 million in cash and stock on June 30, 2016. Beijing IRTOUCH Systems Co., Ltd. signed the asset acquisition agreement on July 8, 2016. Wherein, 70% of consideration amounting to CNY 564.2 million will be paid in stock by issuing 19.13 million shares and 30% of consideration amounting to CNY 241.8 million will be paid in cash. Beijing IRTOUCH Systems Co., Ltd. will raise the fund through shares issue and CNY 267 million will be used for cash consideration payment. As of December 31, 2015, Guangdong Header Information Technology reported Total Assets of CNY 136.65 million, Total Shareholders’ Equity of CNY 77.38 million, Operating Revenue of CNY 139.6 million, Operating Profit of CNY 27.69 million and net profit of CNY 23.98 million. The transaction is subject to approval from Beijing IRTOUCH Systems's shareholders and approval from CSRC. On August 9, 2016, shareholders of Beijing IRTOUCH Systems Co., Ltd. approved the transaction. The transaction has been approved at Guangdong Header Information Technology's shareholders’ meeting and at Beijing IRTOUCH Systems's 10th session of the 3rd directorate meeting. As on October 10, 2016, Securities regulators's approved the transaction. On December 19, 2016, China Securities Regulatory Commission approved the transaction. Guosen Securities Co., Ltd. acted as financial advisor, Tian Yuan Law Firm acted as legal advisor and Ruihua Certified Public Accountants, LLP acted as an accountant for Beijing IRTOUCH Systems. Beijing IRTOUCH Systems Co., Ltd. (SZSE:300282) completed the acquisition of Guangdong Header Information Technology Co., Ltd. from 6 institutional shareholders and 14 individuals January 4, 2017.